You Fix the Budget

Today, you’re in charge of the nation’s finances. Some of your options have more short-term savings and some have more long-term savings. When you have closed the budget gaps for both 2015 and 2030, you are done.

We saw this today on Glen Beck - I know, but occasionally he offers some good info. This time it's from the NY Times - I know, but this time it's a good graphic to show you what we're up against in cutting spending. Check it out.

We're Gonna Cut Spending...No, Really, We Are

ITEM:  The President ordered the cabinet to cut a whopping $100 million from the $3.5 trillion federal budget!      EverBank's Chuck Butler responds: "I'm so impressed by this sacrifice that I have decided to do the same thing with my personal budget. I spend about $2000 a month on groceries, medicine, bills, etc, but it's time to get out the budget cutting ax, go line by line through my expenses, and go to work.      "I'm going to cut my spending at exactly the same ratio -1/35,000 of my total budget. After doing the math, it looks like instead of spending $2000 a month; I'm going to have to cut that number by six cents!      "Yes, I'm going to have to get by with $1999.94, but that's what sacrifice is all about. I'll just have to do without some things, that are, frankly, luxuries."  Daily Pfennig

← Butler makes a good point.  The talk of cutting the federal budget is a joke.  It amounts to peanuts.  Even Senator Rand Paul's $5 billion cut recommendation is a drop in the bucket, too.

John Wrisley points us to the lack of serious consideration of spending cuts by the administration and Congress.